Trust Wallet Token Price Prediction: Will Bull Takeover in TWT?

• Trust Wallet Token (TWT) has a 24-hour trading volume of $416.6 Million.
• Trust Wallet Token’s (TWT) live market cap is $353.9 Million.
• The current market price of TWT is $0.85.

Trust Wallet Token (TWT) is a governance token native to trust wallet. 

Financial Data of Trust Wallet Token (TWT)

The open interest on TWT is $2.95 Million. The TWT Coin’s OI decreased by 1.36% in the last 24 hours on 25 August 2023. The volume of the TWT coin is $416.6 Million.

The total circulating supply is 999,668,148 TWT and the maximum supply of the coin is 1,000,000,000 TWT. The fully diluted valuation is $854,681,143. The TWT coin has a market cap of $357.0 Million.

The TWT coin has made a 52-week high of $2.72 and a 52-week low of $0.71. The Trust Wallet Token made an all-time high of 42.72 on December 12, 2022. Since then, the price started falling and gave a decline of almost 68.2%.

Trust Wallet Token (TWT) Technical Analysis

The price of TWT is continuously falling. This falling momentum has formed a channel pattern. Currently, the price of TWT is trading near the support level of $0.8. Trust Wallet Token (TWT)  price is currently in a downtrend. 

The price is forming a lower-low pattern. The overall structure of the TWT  is forming a weak structure and the price is likely to decline in the upcoming days.

EMA

Trust Wallet Token’s price is weak. The TWT price is trading below the 50-day and 100-day EMA levels. This is a bearish sign and shows that the price will fall.

MACD

The MACD line for the TWT is trading below the signal line. Also, there is a red histogram formation in the TWT coin. This suggests that the coin is bearish and prices may fall in the next few days.

RSI

The RSI line and SMA line for the TWT coin are currently trading near the 35 level. This level is considered a negative zone. This indicates that the price is trading in a weak area and a price decline is possible in the future.

Technical Indicators Summary of Trust Wallet Token (TWT)

The technical summary represents the rise of bearishness in the TWT coin. In the daily timeframe, out of 26 indicators, 15 are showing bearish moves and only 2 are showing buy bullish momentum.

Conclusion 

As per the analysis, the price of Trust Wallet Token (TWT) is trading in a channel pattern. The price is forming a weak pattern. The price has declined by over 17% in the past year. Also, the indicators are giving a negative signal.

Therefore, if the price breaks below the $0.8 level further downfall is expected.

Technical Levels

• Support Level: $0.82
• Resistance Level: $0.97

Disclaimer

The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.

Keyword: Trust Wallet Token, Inc.  price